Nationalization Gets a New, Serious Look

“Well, whatever you want to call it,” said Ms. Pelosi, Democrat of California. “If we are strengthening them, then the American people should get some of the upside of that strengthening. Some people call that nationalization.

“I’m not talking about total ownership,” she quickly cautioned — stopping herself by posing a question: “Would we have ever thought we would see the day when we’d be using that terminology? ... Full Story »

Posted by Mark Steele
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Posted by: Posted by Mark Steele - Jan 26, 2009 - 8:43 AM PST
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Edited by: Fabrice Florin - Jan 26, 2009 - 9:47 AM PST

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Patricia L'Herrou
3.7
by Patricia L'Herrou - Jan. 26, 2009

this piece lays out the complex contradictions of the gov't pouring tax-payers money into banks before they fail. mr. sanger discusses pros and cons all of which seemingly have real drawbacks and seems to weigh in with the 'argument in favor of nationalization' i'd like to read/see some of those banks ceo and cfo s discuss, in the media, this issue with gov't economists.

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